Live Insurance News

State Farm Uses Interpleader to Win $800K Life Insurance Fight

April 25, 2025April 25, 2025 H. Cutner

State Farm Wins $800K Life Insurance Dispute, But What Does It Mean for You? How often do you think about your life insurance policy? If the answer is “not much,” you’re not alone. But a recent case involving State Farm and an $800,000 life insurance payout could make you reconsider. The case centered on a legal tug-of-war between a named beneficiary and an estate, and while it might seem like just another courtroom story, it actually offers up some fascinating lessons for insurance companies and policyholders. Here’s what happened and…

New Tax Proposal Could Change How Life Insurance Companies Manage Their Money

April 18, 2025 Angela Linders

Breaking Down the Proposed Tax Changes A new law called the Secure Family Futures Act is shaking things up in the life insurance world. The aim of this proposed legislation? To modernize how life insurers are taxed on certain types of investments, like bonds. Right now, these investments fall under something called “capital tax treatment.” It’s a complicated rule that limits how much insurers can handle financial losses and reinvest in the economy. The proposed change would simplify things, making these investments taxable under ordinary rules and extending flexibility for…

Live Insurance News Gives Families the Tools to Face the Unexpected with Free Family Emergency Organizer

April 17, 2025April 17, 2025 Angela Linders

Simplify Your Family’s Chaos with This Free Emergency Organizer Everyone’s Talking About Los Angeles, CA 4/17/25 – Live Insurance News, a trusted source for the latest insurance news and insights, is helping families stay prepared for life’s unpredictable moments by offering a Family Emergency Organizer Free eBook. This printable resource simplifies the task of organizing crucial personal and financial information, ensuring families are ready when it matters most. Be Prepared for Life’s Surprises Life doesn’t come with a playbook—but now it can have an organizer. Imagine this scenario: an unforeseen…

Confused by Your Life Policy Illustration? The New Rules That Simplify It All

April 2, 2025April 1, 2025 Marc

NAIC Proposes Bold Changes to Life Insurance Policy Illustrations to Enhance Transparency and Accuracy The National Association of Insurance Commissioners (NAIC) has unveiled a suite of updates aimed at improving the transparency and accuracy of life insurance policy illustrations. These changes will not only impact insurers but will also provide consumers with clearer expectations regarding policy performance. Here’s what you need to know about this potentially game-changing move for the life insurance industry. Why Life Insurance Illustrations Need an Overhaul Life insurance policy illustrations have long been a source of…

Why 99% of Term Life Policies Never Pay Out And What Farmers’ Lawsuit Tells Us

March 25, 2025March 26, 2025 Tate Ellison

Consumer Protection in Focus: The Farmers Life Insurance Lawsuit A high-stakes legal battle is brewing in California as Farmers New World Life Insurance Company faces allegations of overcharging policyholders and improperly lapsing policies. The class action lawsuit, filed on March 18, 2025, in California Superior Court for Los Angeles County, accuses Farmers of engaging in predatory practices that left many policyholders vulnerable. While the case is still in its preliminary stages, it has already sparked critical discussions about consumer rights and corporate accountability in the insurance industry. Understanding the Allegations…

Life Insurance and Annuity Growth in Focus: Key Trends Shaping the US Insurance Market

March 21, 2025March 20, 2025 Live Insurance News

Modest Growth Expected for U.S. Life/Annuity Insurance Sector Through 2025 Despite market volatility and economic uncertainties, the U.S. life and annuity (L/A) insurance sector is projected for modest growth over the next two years. According to Best’s Market Segment Report, the industry will see a boost of approximately $48 billion in capital and surplus combined through 2024 and 2025. Additionally, net income is expected to climb to $51.1 billion in 2025, exceeding pre-pandemic levels by a significant margin. However, while the numbers signal progress, the challenges ahead are as thought-provoking…

What is the Average Cost of Life Insurance for a Person 50 Years Old or Older?

January 21, 2025January 20, 2025 PR Article

Life insurance plays a vital role in financial planning, particularly for those aged 50 and older. At this stage in life, many people begin to think seriously about providing for their loved ones, covering outstanding debts, or securing their legacy. However, the cost of life insurance for individuals over 50 can vary widely depending on several factors. Why Consider Life Insurance After 50? Life insurance becomes increasingly relevant as we age. For many, this period of life is about ensuring that family members are financially secure, particularly if they depend…